(a) The governing body of Calvert County may enter into an agreement with the owner of a facility for the liquefaction of natural gas that is located or locates in the county for a negotiated payment by the owner in lieu of taxes on the facility.
(b) An agreement for a negotiated payment in lieu of taxes under this section shall provide that, for the term specified in the agreement:
(1) the owner shall pay to the county a specified amount each year in lieu of the payment of county real, operating real, personal, or operating personal property tax; and
(2) all or a specified part of the real, operating real, personal, or operating personal property at the facility shall be exempt from county property tax for the term of the agreement.
(c) As specified in an agreement for a negotiated payment in lieu of taxes under this section, for the term specified in the agreement, the real, operating real, personal, or operating personal property at a facility for the liquefaction of natural gas that is located or locates in the county is exempt from county property tax.
(d) On the written request of the governing body of Calvert County, the supervisor shall assess the real, operating real, personal, or operating personal property of the owner of a facility for the liquefaction of natural gas with whom the county has entered into a payment in lieu of taxes agreement under this section.
Structure Maryland Statutes
Title 7 - Property Tax Exemptions
Subtitle 5 - County Exemptions -- Optional; Payments in Lieu of Taxes
Section 7-501 - Public Leasehold Property -- Local Exemptions
Section 7-502 - Housing for Senior Citizens
Section 7-503 - Housing for Low Income Families
Section 7-504 - Housing in Baltimore City
Section 7-504.2 - Vacant and Underutilized Commercial Buildings in Baltimore City
Section 7-504.3 - Economic Development Projects in Baltimore City
Section 7-504.4 - Hippodrome Performing Arts Center
Section 7-505 - Governmentally Subsidized Rental Housing
Section 7-506 - Governmentally Subsidized Housing in Baltimore City
Section 7-506.1 - Governmentally Subsidized Housing Outside Baltimore City
Section 7-506.2 - Housing for Low to Moderate Income Households
Section 7-506.3 - Payment in Lieu of Taxes Agreements -- Low-Income Housing
Section 7-507 - Foreign Import Property
Section 7-508 - Washington County
Section 7-509 - Washington County -- Warehouse Property
Section 7-509.1 - Washington County -- Technology-Related Businesses
Section 7-510 - Calvert, Caroline, Cecil, Kent, and Queen Anne's Counties
Section 7-511.1 - Garrett County -- Garrett Information Enterprise Center
Section 7-513 - Personal Property Tax -- Dorchester County
Section 7-514 - Negotiated Payment by Owner of Facility for Generation of Electricity
Section 7-515 - Video Lottery Facility in Allegany County
Section 7-516 - Economic Development Project -- Prince George's County
Section 7-517 - Natural Gas Facilities -- Calvert County
Section 7-518 - Property Owned by Affordable Housing Land Trust
Section 7-519 - Community-Managed Open Space
Section 7-520 - Economic Development Project Under Payment in Lieu of Taxes Agreement
Section 7-521 - Personal Property of Business Located in Historic District